So, Bitcoin is flirting with a breakout like a cat on the edge of the sofa—too close to resist but not quite ready to leap. Tech geeks with charts (and probably too much coffee) say BTC could zoom to a jaw-dropping $130,000. But hold your virtual horses; there are a few “if the stars align” moments we need first. 🙃
Bitcoin Eyeing a Spanking New $131,000 High Score
Crypto wizard Hov, aka the Elliott Wave whisperer on X (remember when it was Twitter?), reckons our digital gold could blow past its old $109K glory days and hit $131,060. That’s apparently this cycle’s big dream.
Hov’s laid out the Bitcoin version of Ikea instructions—complete with twists, turns, and those cryptic symbols only the initiated can decode—to explain exactly what needs to happen for this glow-up.
Despite a recent “what just happened?” dip, Hov still believes in the big B. The price has been inching up like a nervous cat approaching the dinner bowl, settling just under a scary-looking resistance zone somewhere between $89,000 and $94,000.
From the crystal chart ball, Hov sees a diagonal pattern (not the kind that ruins your yoga pose), which in Elliott Wave speak means, “Yep, we might be on to something bullish.” But, and it’s a loafty but, don’t go throwing your life savings in yet—resistance is like that friend who makes bad movie choices. You want to be cautious.
Traders are supposed to watch for a tiny hop higher to finish Wave 5 (a bit like the finale cheer in a dodgy talent show). That’s when the real fun begins with a healthy Wave 3 pullback—crypto-speak for “just a little breather.” 🌬️
Wave 5 means $80,000 is THE spot to chill. If buyers swoop in there, it could set up a classic Inverse Head and Shoulders chart pattern—fancy words for a potentially explosive move upward.
If Bitcoin can cling to $80,000 during the pullback and then bossily reclaim $89K resistance, we’re talking a bigger Wave 3 move. Think of it as Bitcoin’s way of saying, “Watch me climb!” The first stop? $94,000, like a cheeky pit stop with a latte.
The real boss fight, though, is the psychological and monetary monster near $100K. If Bitcoin closes above that on a Higher Timeframe chart, alarms will blare, fireworks will explode, and digital traders will party like it’s 2099. This would clear the way to a potential $131,060 party, according to Fibonacci wizardry. 🎉
So, if the waves play nice and the stars wink just right, Bitcoin might just pull off the most dazzling breakout since sliced bread. Or… not. Stay tuned with popcorn. 🍿
How’s Bitcoin Actually Doing?
Right now, Bitcoin’s hanging out at about $84,968, up a modest 1.6% over the past week—you know, enough to remind you it’s still there but not enough to quit your day job.
Despite the drama from political soap operas in the US (because why wouldn’t that affect the magic internet money?), Bitcoin’s proving it’s got more stamina than your houseplant.
CoinCodex (the unofficial horoscope for crypto moods) says Bitcoin’s stepped out of the “I’m so bearish I’m practically sulking” zone and into a more neutral mood. The Fear and Greed Index is still undecided—kind of like deciding whether to binge-watch or do laundry—but long term, folks are mostly optimistic.
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2025-04-20 10:43